With the signing of the Trans-Pacific Partnership (TPP) Agreement,Vietnam will become an attractive destination for foreign investors asit boasts an abundant, young and skilled workforce.
So saidItaly’s biggest economic daily “Il Sole 24 Ore ” in a recent articletitled “ Vietnam: the signing of the TPP will bring newopportunities for foreign companies.”
The article, publishedon November 13, said that Vietnam, with its young population and rapiddevelopment, has integrated into the 610 million-strong ASEAN, one ofthe most attractive economic regions in Asia.
The upcoming TPPsigning will allow Vietnam to share its prospects with a 12-countrybloc that accounts for 40 percent of the world’s GDP and one third ofglobal trade, it said, adding this is a big chance that Italianbusinesses can not miss.
According to the article, Vietnam isalso attractive for investors because of a Free Trade Agreement (FTA)it expects to sign with the European Union (EU) in 2014.
Throughthe FTA, the Italian Government hopes that Vietnam will open itsdoor for foreign investors to areas that they find otherwise difficultto access, such as pharmaceuticals, financial services, phones and food.
Meanwhile,Italy ’s news agency ANSA described Vietnam as a gateway to theSoutheast Asian market for made-in-Italy brands. It quoted ItalianAmbassador to Vietnam Lorenzo Angeloni as saying that Vietnam is acountry full of potential and acts as a bridge for Italy to reach outto major markets in Asia.
Italy now ranks ninth amongEU countries investing in Vietnam , with 50 projects capitalised at257 million USD by September this year.
Vietnam ’s exports to this European market increased to 1.8 billion USD last year.-VNA
So saidItaly’s biggest economic daily “Il Sole 24 Ore ” in a recent articletitled “ Vietnam: the signing of the TPP will bring newopportunities for foreign companies.”
The article, publishedon November 13, said that Vietnam, with its young population and rapiddevelopment, has integrated into the 610 million-strong ASEAN, one ofthe most attractive economic regions in Asia.
The upcoming TPPsigning will allow Vietnam to share its prospects with a 12-countrybloc that accounts for 40 percent of the world’s GDP and one third ofglobal trade, it said, adding this is a big chance that Italianbusinesses can not miss.
According to the article, Vietnam isalso attractive for investors because of a Free Trade Agreement (FTA)it expects to sign with the European Union (EU) in 2014.
Throughthe FTA, the Italian Government hopes that Vietnam will open itsdoor for foreign investors to areas that they find otherwise difficultto access, such as pharmaceuticals, financial services, phones and food.
Meanwhile,Italy ’s news agency ANSA described Vietnam as a gateway to theSoutheast Asian market for made-in-Italy brands. It quoted ItalianAmbassador to Vietnam Lorenzo Angeloni as saying that Vietnam is acountry full of potential and acts as a bridge for Italy to reach outto major markets in Asia.
Italy now ranks ninth amongEU countries investing in Vietnam , with 50 projects capitalised at257 million USD by September this year.
Vietnam ’s exports to this European market increased to 1.8 billion USD last year.-VNA
